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20121204
20121204
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Search Results 0 to 15 of about 16 (some duplicates have been removed)
is retiring as secretary of state. that's your 5@5:00. >>> the ball is back in president obama keerts. house republicans unveiling a bold proposal to avoid a so-called fiscal cliff. the white house didn't waste any time attacking it. kelly wright is live in washington with more on this. good morning, kelly. >> good morning to you. the back and forth is continuing in a letter with president obama. american people expect leaders to find fair middle ground with the nation's most pressing challenges. with that they propose is a counter over for the fiscal cliff. the republican plan has will00 billion for tax freerm 900 billion in mandatory spending cuts and 300 billion in discretionary cuts. the proposal falls short of what the president wants and cannot be taken seriously. >>> we understand they don't agree with everything the president has put on the table but we haven't seen alternatives for that. they have spoken about an avenue and that challenge is welcome. republican leaders have been adamant they don't believe rates ought to go up on the top 2 percent of wealthiest americans. the america
with president obama's latest ideas for getting past the standoff with house republicans. he now says there isn't enough time left to do a comprehensive deal, including tax reform, fixing medicare. so he wants congress to raise tax rates for the wealthy right now and putting off the hard work to next year. they have 28 days left to make a deal before the country hits what's called the fiscal cliff. that's a combination of across the board tax increases for everyone, coupled with cuts in spending like defense, education, health care, and housing assistance. let's go live to our chief white house correspondent jessica yellin with the very latest. jessica? >> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't wo
reliefchallenge.com today for a special trial offer. >> brian: president obama's move, republicans making what they consider a bold counter offer to the white house in an attempt to avoid the so-called fiscal cliff that's coming our way just four weeks away. eight working days away. wendell goler live at the white house. what's the latest? >> what we have now is an opening proposal from each side. the republicans plan would cut $2.2 trillion from the deficit, which is about $600 billion more than the president's plan. it would raise the eligibility age for medicare from 65 to 67. and lower the annual cost of living increases for social security benefits. south carolina senator lindsey graham says those two programs have to be brought under control. >> if we adjusted the age of retirement over the next 30 years like ronald reagan and tip o'neil adjusted the cpi index and means tested benefits, we could save medicare and social security from insolvency and people need the programs. the good news is, we would get our kids and grandkids out of the situation of becoming greece. >> the president's aides not surpr
government cost lose much-needed federal aid if democrats and republicans don't reach a deal to stop automatic spending cuts before the end of the year. the other issue is taxes. congressional republicans want bush-era tax cuts extended for all americans. president obama says those tax cuts must expire for households making $250,000 or more. >> it's a position that is supported by a majority of the american people. and, you know, we need to see from republicans an acknowledgement of that. >> reporter: the gop proposal that the white house quickly rejected closes tax loopholes and reduces deductions to raise 800 billion-dollar in new revenue. the plan cuts $600 billion in healthcare entitlement programs. >> we are overspending and until you deal with that issue you cannot raise taxes enough to be able to keep one a trillion dollars of accelerate spending. >> reporter: republicans dismissed the president's plan late last week. but now that both sides have numbers on the table, some congressional watchers believe those outlines may eventually help them find common ground. in washington
, the president, we just elected a republican house, 219 members of the house won by bigger margins than obama won by. they ran against raising taxes and for the ryan plan which is actually $6 trillion in spending restraint over the next decade and tax reform rather than tax increases, so the republican mandate in the house was a lot clearer than obama's, who spent 86% of the pro-obama ads were trashing romney personally. so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. this december, remember -- m] you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get cop
a republican house, 219 members of the house won by bigger margins than obama won by. they ran against raising taxes and for the ryan plan which is actually $6 trillion in spending restraint over the next decade and tax reform rather than tax increases, so the republican mandate in the house was a lot clearer than obama's, who spent 86% of the pro-obama ads were trashing romney personally. so he won the right not to be romney but he didn't win the power to impose anything he wants. >> okay. hold that thought. robert, i want you to hold your response until we come back after the break. you've got about two minutes to make this really, really good. [ man ] in hong kong, on my way to the board meeting... anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announc
] stuart: moving along, republicans counteroffer to president obama's solution to the fiscal cliff yesterday with a plan of 800 billion dollars in new revenue from tax reform, not from higher tax rates. plus, about a trillion dollars in spending cuts. speaker john boehner said the president's plan just wouldn't pass. unfortunately, the white house responded with their la-la land offer that couldn't pass the house. so basically they are at odds. david, here's what i've got, here's my calculation, rough back of the envelope, okay? when i can find the envelope. okay? it is president obama wants 800 billion dollars more in tax revenue from the rich in the form of higher tax rates. the republicans want about a trillion dollars more in spending cuts. david: uh-huh. stuart: the two sides are those dollar numbers apart. and you say what? david: i say i don't think the president cares if it passes the house. because if it passes, he gets everything he wants. he doubled the amount of tax income he wanted from the private sector because he wants many r in his proposal. -- he wants more in his
between the white house and house republicans. eve one offers a deal the other side says is totally unacceptable and a non-starter. president obama just sat down for an interview with bloomberg and says the tax rates -- the republicans say don't raise rates. but let's close out loopholes and get rid of deductions. all you should care about is how much revenue you are getting. why do you care fit' a rate or deduction. increase the revenue. president obama says no i need rates to go up on the rich. now he's saying rates have to go up. they have to go up on the rich. but then we can talk about lower them again next year. we'll chat. we'll have more time then we can discuss the loopholes abductional earn tough deductions to rates. >> we are 400 days away from the first primaries of the 2014 elect cycle. every day we get closer to those primaries the likelihood of a big deal, something large taking place gets less. so the president is saying there, never minds. what he's saying there -- he knows the political reality of this, having suffered the worst mid-term defeat of any president in
.s., if those weapons become a threat. >>> and back here at home, president obama meets with the nation's governors today on urgent talks to avoid that fiscal cliff. republicans and democrats in congress appeared no closer to a compromise. here's abc's tahman bradley. >> reporter: congressional republicans' counterproposal was dead on arrival. the white house quickly rejected the $2.2 trillion deficit reduction plan, that would raise $800 billion in tax revenue over the next decade. but the plan calls for raising the revenue without raising tax rates on top income earners, something the white house views as unacceptable. during a photo op, the president avoided questions about the gop plan. >> no deal better than a bad deal, sir? >> reporter: a senior white house official called the proposal a step backwards. saying if republicans do not agree to some higher tax rates for the wealthy, the nation will go over the fiscal cliff, and the american people will hold them responsible. democrats also take issue with the proposal's spending cuts to medicare and social security. republican counter
to make a deal can't make a deal. yesterday, republicans proposed steep spending cuts but gave no ground on president obama's call to raise taxes on the wealthiest americans. here's what the president told bloomberg's white house correspondent about that. >> unfortunately the speaker's proposal right now is still out of balance. you know he talks, for example, about $800 billion worth of revenue but was he says he's going to do that by lowering rates. when you look at the platte it doesn't work. when i've said is, i am prepared to work with the speaker and democrats and republicans to go after excessive health care costs in our federal health care system, we're going to have to strengthen those systems and i think we can do that without hurting seniors, without hurting beneficiaries. i think that, you know, there's probably more cuts that we can squeeze out, though we've made over a trillion worth of spending cuts. >> you'll remember only a week ago the democrats proposed their solution to this and it was rejected by the republicans. the president is reiterating that taxes have to go up
the democrats -- i mean, the republicans of the table to be set. the republicans need to start defining the issue, not defending the issue. if they are not allowed to define the issue then just let barack obama try this over the cliff. barack obama, as originally the grand bargain one and 0 billion in tax cuts. then he won the election. now he wants to increase it to over one half trillion. he has double down on all of these things. if you go back historically in this whole program, you might remember roy reagan, $3 in spending cuts for every dollar in new taxes. we get the taxes but ronald reagan never get the spending cuts. orge bush lost an ection in '92. he raised taxes on the democrats promised him $2 in spending cuts for every dollar in new taxes. george bush is still waitin for those $2 in spending cuts. now the present is saying to live in give you two and a half to one. it's time the democrats and the president stepped up and cut spding. gerri: to that point. want you to respond to what the white house had to say in response to the republicans offer and then go to michael's poi
jong and sandusky. captioning funded by cbs republicans seem to be at a standstill. >> on monday gop leaders made their counter offer to president obama and officials quickly dismissed it. major garrett is at the white house this morning. good morning. >> reporter: good morning, charlie and norah. there's no prospect for a deal and not much talking going on either. for the first time there are numbers on the pieces of paper from the white house and the congressional republicans. there are disagreements from both sides of how serious those numbers are. for the first time there are boundaries to find agreement in the middle if those numbers yield themselves to politics. republicans put their plan in writing. the white house says it should have saved the paper and ink. republicans remain opposed to raising income tax rates. overall, their plan is lighter on taxes and heavier on spending ing cuts than the white house prefers. gop offered $800 billion in tax increases by eliminating or reducing unspecified deductions. $600 billion in entitlement cuts and $300 billio
to speed this morning. president obama rejecting a fiscal cliff counter offer from republicans. the gop proposal calls for $2.2 trillion in deficit savings over the next decade, including 800 billion from tax reform. 600 billion from medicare reform, 600 billion in spending cuts. the white house is refusing to consider it because it doesn't include tax hikes for the wealthiest americans. >>> and britain is rife with speculation this morning, is kate having a boy, or a girl? is she having twins? triplets? what about a name? britain is buzzing with news that prince william's wife, katherine, is pregnant. she is in a london hospital being treated for severe morning sickness. >>> students at one elementary school in atlanta will attend class in a different building this morning. dozens were sickened yesterday at their regular school by carbon monoxide poisoning. at least 49 were sent to the hospital. fire officials believe the heating system failed. later this morning we will talk to a student, a parent and a school official. >>> the judge overseeing the court marshall of nadal hassan has b
, a republican will be termed out next year after three terms. clinton is a democrat. >>> editor-in-chief of vogue may be in line for a new job, u.s. ambassador. president obama is considering nominating anna win tour as the next ambassador to -- either united king come or -- kingdom or france she helped bring in more than $500,000 to his reelection campaign and certainly an icon in the fashion world. this would be something new. >> it would be indeed. >>> coming up, ahead the deep one fast food giant is offering to celebrate a big milestone. >>> protecting elderly from scams and abuse, tips to make ♪ [ female announcer ] at yoplait, we want you to feel even better about your favorite flavors. so when you call, tweet, and post, we listen. that's why yoplait light and yoplait original are now made with no high fructose corn syrup. and why we use only natural colors and natural flavors in yoplait original. so, anything else we can do for you, let us know. but you'll keep it to yogurt, right? 'cause we shouldn't really help with your love life. yoplait. it is so good! >>> welcome
is $1 trillion. soledad, that's the problem. republicans have put forward budgets, voted for them, willing to be held accountable. democrats have not. president obama has not. >> you won't vote for them. >> nor have any democrats. >> democrats have voted for those budgets and supported those budgets. >> zero to 610 is the vote total of the last three votes on his last three budgets, 0-610. do you think that's a serious proposal? president obama, show us your plan. >> he can't show you a plan he gave you a plan. his plan is not to repeal obamacare. not going to happen. you lost the election, buddy. >> we are out of time. we need to take bob shrum's coffee away, bring everybody back down. we appreciate your time, senator. i love you hashing the numbers with him. he always comes ready to lay it out. >> political reality, it is a very different world than he is laying out. republicans won't consider raising the top rates, it is not your choice anymore. they are going up unless you make a deal that the president accepts. >>> believe it or not, there are some other stories in the world
Search Results 0 to 15 of about 16 (some duplicates have been removed)